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20131101
20131130
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griffeth will rejoin me in a moment pop a day dominated with tragic events in los angeles, here's how we're finishing the day on wall street. dow giving back some to close at 68 points. nasdaq up 2.3 and s&p up about 5. we're still watching some developments out of l.a.x. we've been turning to l.a.x. all afternoon for some of those developments. we want to send it back to scott now. >> thanks. just before 9:30 on a friday morning, a busy airport, nation's third busiest at l.a.x. business travelers going home for a long week, people getting started on a long weekend and a gunman bursts through security line with an assault rifle. he shoots one tsa officer fatally, injuries another and continues almost all the way back to the airport gates. nbc news, according to law enforcement officials, say he's paul anthony ciancia, 23 years old, u.s. citizen. apparently not related to the tsa. there were conflicting reports earlier. authorities say seven people in all were injured. six taken to local hospitals. ciancia's condition is not known but apparently he was shot by police. authorities at the a
said it would increase to $4.9 billion overall. >>> terminal 3 at l.a.x. los angeles international airport, has reopened following friday's deadly shooting rampage. the suspect, paul ciancia, who was shot four times by police who has been hospitalized heavily sedated and under 24-hour armed guards. from los angeles with the very latest. jennifer, what can you tell us? >> reporter: maria, terminal 3 is back to normal. a lot of airport employees have said -- commented how quiet of a day it is around here at all of the airport. we can tell you here at the tsa checkpoint where the officer was gunned down first is where paul ciancia is the one who walked through the door right here and at the bottom of the stairs we're told open fire. where you see the flowers is where that tsa officer fell. ciancia allegedly went up the stairs, kept firing back at that tsa officer, and accomplished one of his goals, to kill a tsa officer, and the second goal, to show how easily it is to get a gun into the airport. in fact, what happened friday is likely going to change the way thin
los angeles even more specific malibu really did suffer when the global economic crisis occurred. and our prices in some cases depreciated from 30% to 50% so knowing that they dropped that much, we became a very attractive market to investors and second home and third home users, which i think drove our market up. but a lot of these buyers are coming in with cash and they are and/or putting down large down payments and seeing equity invested and i think we're pretty safe going forward. >> diana i guess you have to also look at the level of interest rates in terms of new purchases. >> yeah, i guess but in a market like malibu you're not relying on a mortgage probably as madison said it's all cash and would love to know from madison how many of your buyers are international buyers because we see in california a huge influx not just on the ultra high end but even in the midrange of buyers coming in from asia, from russia, buying up your real estate. >> correct. we do have a very nice proportion of overseas buyers, but what's interesting, when you say inte
.s. post service to deliver online orders on sunday. right now it's only in the new york and los angeles areas, but if it's profitable for amazon and the post office, you can bet it will go nationwide. want to talk about that right now, and a lot more with thl partners scott sterling, private equity leader. good to have you on the program. >> thank you. >> before we get to some of your other investments, what do you think this moves for online retail? brick and mortar retailers, are they going to get stuck behind the eight ball considering this is a big move for amazon? >> i think it's a continuation of a trend that we've seen accelerate over the last few years, which is customers want convenience, customers want wide selection, they can get it through e-commerce in many cases. they can also get it through super stores in certain categories that offer that broad selection at a relatively low price. i think the bricks and mortar retailers that are going to succeed are the ones with the combination of the strong market presence in a given sector so that they can offer more for their consum
, los angeles. so, when you have all this money chasing after real estate, it's not sitting in the bank earning nothing. it's not heading to bonds. it has to go to equities and worldwide up. find your pockets where maybe things have dragged a little bit. maybe you don't jump into momentum stocks although i'm still a tesla lover. if you think about the world and how world economies are working today, all this easing or quantitative easing is simply printing. where is all that money going to go? it's going into the markets and to real estate. gold is down, so gold is no longer an inflation hedge, as they called it. i like to wear my gold. but i think that we don't have to be afraid of this. i think it's a good time to be invested. >> maria, one cautionary note on that. i would be concerned about some of the high-fliers this year like tesla and netflix. if we do get a pullback, say, in the first quarter, we get through year end, you know, those are the stocks that are really susceptible to a pullback. >> have to focus on dividends, growth of dif densd. that will sustain baby boomers. they'
. they launched in seattle in 2007. they added los angeles earlier this year. so i think this is potentially a very good opportunity for amazon. a margin-rich category to drive sales. >> lou do you agree with that? >> no. i'm sorry, look. i'm an italian. i love me some meatballs. listen getting into consumer staple products is not going to be the saving grait grace for amazon. how can you justify trading at a four-digit price to earnings ratio and a three-digit guard pe ratio. i challenge to you find another consumer staple or just retail stock in the market trading at those valuations. i think this is a momentum trade that's setting up to end badly. >> what about that tom? >> on the valuation side i would disagree of course. my $460 target looks at free cash flow yield of target, of walmart, costco longer term retailers and looks at amazon's potential to increase margin to where it was in 2004 at 7%. so 7% margin and a 5.5% free flow cash field gets to you $460. >> you said the key thing there, tom, you said potential. look an investment in amazon right now is simply tha
Search Results 0 to 5 of about 6